Natixis Advisors LLC Grows Position in Bank Of Montreal (NYSE:BMO)

Key Points

• Natixis Advisors LLC increased its stake in Bank Of Montreal (NYSE:BMO) by 41.5%, now owning 51,179 shares valued at approximately $4.89 million.
• The bank recently declared a quarterly dividend of $1.1801, a rise from the previous $1.11, with a current annualized dividend yield of 4.2%.
• Bank Of Montreal's stock performance recorded a 52-week high of $115.66 and a recent trading value of $112.60, with a return on equity of 10.15%.

Natixis Advisors LLC increased its stake in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 41.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,179 shares of the bank's stock after buying an additional 15,004 shares during the period. Natixis Advisors LLC's holdings in Bank Of Montreal were worth $4,888,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. North Star Asset Management Inc. grew its position in shares of Bank Of Montreal by 1.2% in the 4th quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank's stock worth $817,000 after buying an additional 100 shares during the period. Oppenheimer & Co. Inc. grew its position in Bank Of Montreal by 2.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank's stock valued at $451,000 after purchasing an additional 120 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Bank Of Montreal by 1.8% in the first quarter. Wealth Alliance LLC now owns 8,146 shares of the bank's stock worth $778,000 after buying an additional 142 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Bank Of Montreal by 5.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,797 shares of the bank's stock valued at $363,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Bank Of Montreal by 39.2% in the first quarter. Grove Bank & Trust now owns 710 shares of the bank's stock worth $68,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 45.82% of the company's stock.

Bank Of Montreal Stock Performance

NYSE BMO traded up $0.62 on Wednesday, hitting $112.60. 396,046 shares of the company traded hands, compared to its average volume of 789,761. The business's 50 day moving average price is $110.37 and its 200-day moving average price is $102.31. Bank Of Montreal has a 52-week low of $79.82 and a 52-week high of $115.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $80.88 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.23 and a beta of 1.07.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $8.79 billion. Bank Of Montreal had a return on equity of 10.15% and a net margin of 10.25%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 earnings per share. Equities analysts expect that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be given a $1.1801 dividend. The ex-dividend date is Wednesday, July 30th. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.2%. Bank Of Montreal's dividend payout ratio (DPR) is currently 62.13%.

Analyst Ratings Changes

Several research firms have issued reports on BMO. Scotiabank assumed coverage on shares of Bank Of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Barclays cut Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 9th. CIBC reissued a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Finally, Wall Street Zen lowered shares of Bank Of Montreal from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.50.

Bank Of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.